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Taxman will not play policeman, FM assures arrest-fearing India Inc
Finance minister Pranab Mukherjee on Sunday assured India Inc that income tax (I-T) officials would not be allowed to act as policemen. The assurance came amid apprehensions that tax commissioners would have powers to arrest industrialists or company officials under new provisions of the General Anti-Avoidance Rule (GAAR) after retrospective amendments to the Income Tax Act. Interacting with CII officials,

Retrospective amendments to tax laws ? An ongoing battle

Retrospective amendment of Statutes by the Legislature is permissible in law, subject to Constitutional competence and is very often used by the Legislature to change the basis of a judicial decision.

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Spanish police arrest 'bar code pimps' gang
Spanish police arrested 22 suspected pimps who allegedly used violence to force women into prostitution and tattooed them with bar codes as a sign of ownership, officials said Saturday.

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Trayvon Martin, my son, and the Black Male Code

I thought my son would be much older before I had to tell him about the Black Male Code. He's only 12, still sleeping with stuffed animals, still afraid of the dark. But after the Trayvon Martin

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What's in it for you?

Another Union Budget has come and gone. Budget 2012-13, expected to be a make or break one for the UPA government, turned out to be lacklustre. Some reforms, such as the Direct Taxes Code (DTC) and

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FMC delays unique client code for traders

The Forward Markets Commission (FMC) has decided to go slow on its move to create a unique client code for traders across exchanges, given the fall in client code modification (CCM) in the past

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